Tesla, SpaceX, The Boring Company, Neuralink and Twitter. Elon Musk is a key person in some of the most recognized companies in the world, but not everyone is happy with his way of doing things. According to Financial Times, some shareholders have raised concerns about Musk’s increased liabilitywho is devoting much of his time to the social network he just bought and even has announced that, for now, he will sleep at the San Francisco headquarters.
Now what Twitter is no longer a publicly traded companyElon Musk does not have to deal with shareholders and, let’s remember, nor does it have a board of directors to explain to. This scenario, however, is different at Tesla. Although the businessman has enormous power in this car company, he still has to please The investors. In this regard, Musk is considering finding someone to replace him as CEO at Twitter.
Elon Musk defends his plans on Twitter and Tesla
According to Reutersthe employer has ensured that he hopes to spend less time on Twitter and that he will look for a new leader to take his current place. However, he has added that he will continue to run the social media company until he achieves some of his goals, but that will take some time. “It takes an initial burst of post-acquisition activity to reorganize the company,” he said. “But then I hope to reduce my time on Twitter.”
The comments come from his brief appearance in Delaware court on Wednesday. Musk was sued by a Tesla shareholder in disagreement with the compensation plan of more than $50 billion in stock options that he was awarded in 2018. The businessman defended himself by claiming that when the deal was approved many investors thought the company “It would go bankrupt.”
Returning to the subject of Twitter, Elon Musk’s “initial burst of activity” has been marked by lay off 50% of the workforce Y the controversies (and failed attempts) related to new Twitter Blue with blue verification badge. Even after fire some employees who publicly corrected him sent an internal email with a ultimatum in which he gave 36 hours to employees to decide whether to stay or resign.
It is not known, at the moment, how much longer Musk will remain at the helm of Twitter, but it is clear that Tesla shareholders have begun to raise their voices and demand a greater commitment from their CEO. In relation to the possible successor of the entrepreneur in the social network, there are still no firm names. Jack Dorsey, the co-founder of Twitter now running Square, said recently that he would not return to the CEO role, leaving fewer possible options on the horizon.
We would love to give thanks to the author of this article for this outstanding web content
Elon Musk will not always be the CEO of Twitter: he is already looking for a new leader to refocus on Tesla